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wonder what this means for the CEO search, softbank funding etc. My assumption is that both parties will settle quickly but I could be wrong. Also not noted in
by tmh79 9y ago
wonder what this means for the CEO search, softbank funding etc. My assumption is that both parties will settle quickly but I could be wrong. Also not noted in the article is that while travis owns 10% of the equity stake, he has super-voting shares, such that him, Ryan Graves, and Garret Camp as a trifecta hold controlling interest IIRC.
- uptown 9y ago> My assumption is that both parties will settle quickly but I could be wrong. What makes you think that?
- ameister14 9y agoThere is so much for both to lose if they delay - a settlement works better for the company and them
- stickfigure 9y agoEh? This is over control, not money. There is no "middle ground"; Benchmark wants Kalanick off the board and he wants to stay. I expect a tooth-and-nail battle, with much of it leaking into the public.
- tmh79 9y ago1) CEO/leadership Search 2) Softbank investing in US rideshare market both are large events, and the outcomes of both events will be much worse in the case of an ongoing legal battle between shareholders and founder/ex-CEO.
- whbk 9y agoTravis has lost the support of Ryan and Garrett apparently (per several reports over the last month/Garrett's statement/Ryan stepping down from operating role). Seems like a man on an island at this point.
- throwaway91111 9y agoAre there any similar wars between investors and majority share owners? I'm not familiar with the area.